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McDonald’s insists restaurants offer minimum wage to employees and leaves influential group over tipping dispute

McDonald’s insists restaurants offer minimum wage to employees and leaves influential group over tipping dispute

McDonald’s is pushing for restaurants to ensure waitstaff are paid a minimum wage rather than depending on tips to supplement their earnings. The fast-food leader is facing a decline in market share due to increased competition from full-service restaurants that utilize advanced service staffing. McDonald’s has also announced its departure from the National Restaurant Association […]

Mamdani’s $30 minimum wage proposal might accelerate job automation.

Mamdani's $30 minimum wage proposal might accelerate job automation.

The Big Money Show Discusses Zohran Mamdani’s Campaign A panel on “The Big Money Show” recently talked about New York City mayoral candidate Zohran Mamdani’s campaign and his policy proposals. Mamdani, who is 33 and identifies as a democratic socialist, is pushing for an increase in the minimum wage to $30 an hour by 2030, […]

Rare Earths Surge After U.S. Establishes a Minimum Price – Crude Oil Prices Today

Rare Earths Surge After U.S. Establishes a Minimum Price - Crude Oil Prices Today

Recent Developments in the Rare Earth Metals Market The Rare Earth Metals Monthly Index (MMI) has seen a slight increase of 0.37%, exhibiting some stability amid recent fluctuations in the global market. Over the past few weeks, the rare earth metals market has undergone significant developments, affecting both supply chains and pricing. Announcements from Washington […]

California’s $20 minimum wage results in thousands of job losses.

California's $20 minimum wage results in thousands of job losses.

A recent study from the National Bureau of Economic Research (NBER) suggests that California’s minimum wage increase in 2023 may lead to significant job losses in the state. Specifically, researchers determined that the wage hike to $20 for fast food workers, implemented in April 2024, has resulted in a decrease of approximately 18,000 jobs in […]

California’s $20 Minimum Wage for Fast Food Resulted in 18,000 Job Losses

California's $20 Minimum Wage for Fast Food Resulted in 18,000 Job Losses

Impact of California’s $20 Minimum Wage on Fast Food Employment California’s implementation of a $20 hourly minimum wage has led to a notable decrease in employment within the fast food sector, resulting in an estimated reduction of 18,000 jobs. This finding comes from a recent paper published by the National Bureau of Economic Research (NBER). […]

DOJ consents to hold Abrego Garcia for a minimum of one month to stop deportation

DOJ consents to hold Abrego Garcia for a minimum of one month to stop deportation

On Monday, attorneys representing both the Trump administration and Salvadoran immigrant Kilmer Abrego Garcia reached an agreement to keep him in U.S. criminal custody in Tennessee for an additional 30 days. According to a filing made with U.S. District Judge Waverly Crenshaw, Abrego Garcia’s lawyers indicated that he had been informed of this extension. This […]

Vietnam: Minimum of 34 fatalities after sightseeing boat overturns

Vietnam: Minimum of 34 fatalities after sightseeing boat overturns

Tragic Capsizing in Vietnam At least 34 people have lost their lives following a sudden thunderstorm that caused a tourist boat to capsize in Vietnam. On Saturday, the Wondersea vessel was carrying 48 passengers and five crew members during a trip to Hang Bay, a popular tourist destination. Rescue teams managed to save 11 individuals […]